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LATEST INTEREST RATE NEWS

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Rate of interest on EPF to remain at 8.5 per cent (New Kerala)New Delhi, Jul 4 : The Central Board of Trustees of the Employees Provident Fund (EPF) today recommended a rate of interest of 8.5 per cent for the year 2009-2010.

ECB keeps interest rate at 1 pct (AP via Yahoo! News)The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy.

The Hindu Business Line : EPF interest rate maintained at 8.5% (The Hindu)New Delhi, July 4 The interest rate on Employees Provident Fund will remain at 8.5 per cent this year. The decision to keep interest rates unchanged was taken despite the workers? unions demanding 9.5 per cent interest rate.

Indonesia Cuts Benchmark Interest Rate to Boost Economic Growth (Bloomberg)July 3 (Bloomberg) -- Indonesia?s central bank cut its benchmark interest rate for an eighth straight month to boost economic growth after inflation slowed to a nine-year low.

ECB Leaves Key Interest Rate Unchanged At Record Low For Second Month (INO News)(RTTNews) - As expected, the European Central Bank or ECB on Thursday left its key interest rate unchanged at a record low for the second straight month as the 16-nation economy faces its worst recession since the Second World War.

EPFO meeting to decide rate of interest on PF today (New Kerala)New Delhi, July 4 : The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) is meeting today to discuss the rate of interest for provident fund for the current financial year.

Cash-strapped California sets interest rate on "IOUs" (Reuters via Yahoo! News)California officials, facing a cash crisis without a state budget agreement, approved on Thursday a 3.75 percent interest rate and an October 2 maturity date for registered warrants, or "IOUs," the state will issue in lieu of payments to vendors, local agencies and individuals.

College loan interest rate drops (Memphis Commercial Appeal)The interest rate on need-based student loans dropped to 5.6 percent this month and will continue to drop until it reaches 3.4 percent in 2011, making the cost of college slightly more affordable.

EPFO decides 8.5% interest rate on provident fund for 2009-10 (The Times of India)NEW DELHI: The Employees' Provident Fund Organisation (EPFO) on Saturday decided to give 8.5% interest on provident fund deposits of 4.5 crore subscribers.

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